Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$29,101$29,101$234,810
Remaining term (yrs)25.125.130.0
Secondary amount$0$205,709$0
Funding fee$0$0$0
Note rate7.630%7.630%7.320%
Blended rate8.180%7.803%7.560%
1st payment$216.80$216.80$1,612.98
2nd payment$0.00$1,328.54$0.00
Taxes / mo$240.25$240.25$240.25
Insurance / mo$150.00$150.00$150.00
MI / mo$13.77$13.77$46.96
HOA / mo$0.00$0.00$0.00
Total monthly$620.82$1,949.36$2,050.19
Cash to close$231,799$26,090$26,090